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I was joint tenant w/ mom for her house 20 yrs. She moved to assist living 2014; I moved in in 2014. She died 2016. I sold 2017 after 3 yrs there. How to calculate basis?
I believe I should use the FMV on the date of her passing as the starting point for calculating the basis. Is that correct? If not how?
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‎June 5, 2019
2:59 PM